wjh4848
Level 2

I have a final grantor irrevocable trust. The grantor passed away in February 2024 and the Trustee (my client) sold the personal residence in May 2024. That was the only thing in the trust. How is this entered on the 1041 since I was told to have him claim a Section 645 Election for the property?

This is the First Trust Tax Return I am doing.

Thank you.

 

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